ALPS Clean Energy ETF (ACES) Sharpe Ratio: 0.38

ACES's Sharpe Ratio of 0.38 indicates that for each unit of volatility, it generates 0.38 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ACES Sharpe Ratio Rank

Concerning

ACES ranks above 19.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

ACES Sharpe Ratio Market Positioning

The chart shows ACES's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.56 or lower
Yellow zone (middle 50%): 0.56 to 1.74
Green zone (top 25%): 1.74 or higher
Top 1%: 6.35+
Median: 1.25 — half of all investments score higher

How it compares to other similar ETFs

The table compares ALPS Clean Energy ETF's Sharpe Ratio with other ETFs in the Alternative Energy Equities, Energy Equities category across multiple time periods, showing how ACES's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 2, 2026.

Symbol	Name	1Y Sharpe Ratio
CRAK	VanEck Oil Refiners ETF	3.39
PXJ	Invesco Dynamic Oil & Gas Services ETF	2.81
EIPX	FT Energy Income Partners Strategy ETF	2.51
HAP	VanEck Natural Resources ETF	2.48
XLEI	State Street Energy Select Sector SPDR Premium Income ETF	2.40
XES	SPDR S&P Oil & Gas Equipment & Services ETF	2.26
BESF	Bastion Energy ETF	2.22
IXC	iShares Global Energy ETF	2.22
IGE	iShares North American Natural Resources ETF	2.19
PIPE	Invesco SteelPath MLP & Energy Infrastructure ETF	2.12
ACES	ALPS Clean Energy ETF	0.38

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Historical Sharpe Ratio

The chart shows ACES's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ACES consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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